It looks like the internet archive is needed assistance, I just heard about this today and figured lemmy could help spread this message around

  • ulterno@lemmy.kde.socialEnglish
    0·
    5 months ago

    Same question here. How can they be profitable if they are a registered non-profit?

    Is it somehow possible to pay employees exorbitant salaries, similar to Mozilla’s CEO?

    • delirious_owl@discuss.online
      0·
      5 months ago

      Non profit doesn’t mean revenue can’t exceed expenses. It means that the org can’t be owned by investors, and the org can’t pay dividends.

      • ulterno@lemmy.kde.socialEnglish
        0·
        5 months ago

        Interesting. And there really is nothing stopping someone in control from getting themselves a huge portion of it, while laying off staff?

        That seems like a huge flaw that someone with the required people skills (read, social engineering) can exploit.

        Anti Commercial-AI license

        • 𝓔𝓶𝓶𝓲𝓮@lemm.ee
          0·
          5 months ago

          Of course, it happens all the time with many non profit orgs. They even pest you and call people for donations. You didn’t know?

          My grandma is pestered daily from some organisations that ‚help poor kids’ or whatever. Pretty lucrative business.

          Some even get public money and are connected to politicans that sometimes launder public money through them, seemingly with no consequences.

          Legitimate ones will never whore for cash with spam emails or calls and won’t be connected to government. All the rest are just get rich schemes.

          You have to do proper, thorough research before you donate money to some kids helping org or similar. Else you will just fund someone’s Porsche.

        • delirious_owl@discuss.online
          0·
          5 months ago

          Thats not a violation of being a nonprofit. If someone does work, they should get paid for their work.

          The point of a nonprofit is to prevent folks who don’t work from stealing the org’s cash. Really, this is the baseline for any ethical org. All for-profit companies should just straight-up be illegal to form.